248 Great Neck Road
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 19, 2026 | Sold | ||
| Sold | |||
| Feb 20, 2026 | In contract | - | |
| In contract | |||
| Feb 14, 2026 | Relisted | $1,350,000 | |
| Relisted | |||
| Feb 7, 2026 | In contract | - | |
| In contract | |||
| Jan 7, 2026 | Listed by Greer Real Estate, LLC | $1,925,000 | |
| Listed by Greer Real Estate, LLC | |||
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Welcome to an extraordinary 10.2-acre waterfront estate with its own private sandy beach on highly sought-after Great Neck. Your seaside dream is hidden down a private road and long driveway, abutting Mass Audubon lands and the Great Neck Wildlife Sanctuary. This secluded Cape offers remarkable privacy and direct access to the waters of Buzzards Bay and the ability to get your own private mooring. The private beach creates an ideal setting for swimming, kayaking, or simply enjoying the ever-changing seascape. The home itself features a well designed interior with cathedral ceilings, hardwood floors throughout, and abundant natural light. Highlights include a kitchen with granite countertops and stainless steel appliances, spacious living and dining areas with vaulted ceilings, and a wraparound composite deck. A partially finished lower level with a full bathroom offers additional flexible space. Modern conveniences include central AC, wiring for a sauna, and a generator.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017